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SOEPpapers 611 / 2013
Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households' participation decisions in assets are more responsive to income than older households. Family structure plays a significant role in explaining cross-country differences ...
2013| Eva Sierminska, Karina Doorley
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Externe Monographien
The Chinese growth miracle was based on exports and investment in recent years. While strong output growth has been maintained even during the financial crisis, the imbalances within the country increased. To return to a more sustainable path of development, policies are directed to improve the role of private consumption. However, the institutional framework is an impediment to the transformation, ...
Bonn:
IZA,
2013,
17 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 7819)
| Christian Dreger, Tongsan Wang, Yanqun Zhang
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Diskussionspapiere 1332 / 2013
This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. ...
2013| Ansgar Belke, Christian Dreger
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Externe Monographien
This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. ...
Essen:
RWI,
2013,
26 S.
(Ruhr Economic Papers ; 448)
| Ansgar Belke, Christian Dreger
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Diskussionspapiere 1341 / 2013
The Chinese growth miracle was based on exports and investment in recent years. While strong output growth has been maintained even during the financial crisis, the imbalances within the country increased. To return to a more sustainable path of development, policies are directed to improve the role of private consumption. However, the institutional framework is an impediment to the transformation, ...
2013| Christian Dreger, Tongsan Wang, Yanqun Zhang
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Diskussionspapiere 1335 / 2013
The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price guarantees will have no effect on prices if search costs are low, hassle costs are high and the number of uninformed ...
2013| Pio Baake, Ulrich Schwalbe
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Externe Monographien
This study aims to explore poverty measures, its dynamics and determinants using Multidimensional Poverty Index (MPI) and consumption poverty. Our results show that the two measures assign similar poverty status to about 52 percent of households and that both approaches confirm poverty is mainly transient in rural Ethiopia. However, we find that the trend in adjusted head count poverty is different ...
Bonn:
IZA,
2013,
38 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 7364)
| Tilman Brück, Sindu Workneh Kebede
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Refereed essays Web of Science
The paper discusses the opportunities for an empirically grounded decision support system as an instrument for independent and scientifically based consumer policy consulting. To date, consumer policy is dominated by the information paradigm and the leitbild of the rational, sovereign and information-seeking consumer. Yet, both everyday practice and research in behavioural economics show that this ...
In:
Journal für Verbraucherschutz und Lebensmittelsicherheit
8 (2013), 1/2, S. 61-66
| Kornelia Hagen, Hans-W. Micklitz, Andreas Oehler, Lucia A. Reisch, Christoph Strünck
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SOEPpapers 540 / 2013
While most studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel (SOEP). In married and cohabiting couples, men have, on average, 33,000 Euro more net worth than women. We look at five different sets of factors (demographics, ...
2013| Markus M. Grabka, Jan Marcus, Eva Sierminska
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Refereed essays Web of Science
This paper empirically investigates the effects of changes in the interest rate as well as in the current and expected future consumer price levels on households' consumption-savings decision. In a structural demand model applied to German consumption data, we use cross-sectional and longitudinal variation in prices and tax rates to construct individual after-tax interest rates and cluster-specific ...
In:
Empirical Economics
45 (2013), 1, S. 371-399
| Martin Beznoska, Richard Ochmann